Biopolymers Market - Forecast(2020 - 2025)
Biopolymers Market Overview: As per a report by IndustryARC on the global polymers market, its size in 2018 was evaluated to be staggering $666.6 billion in the year 2018. This market is foreseen to experience a noticeable growth with a compound annual growth rate (CAGR) of 5.1%. The global polymers market is getting majorly disrupted by biopolymers- one of the world’s most organic compounds. The categorization of biopolymers is largely dependent on its end-user industry. This market enjoys a varied number of end-users including some promising ones such as pharmaceutical, healthcare, and food and beverage industry. In the medical industry, biodegradable polyesters are extremely useful in manufacturing surgical implants. And in the food and beverage industry, biopolymers are primarily used for manufacturing cellophane sheets that are massively utilized for food packaging. In the year 2018, the global biopolymer market experienced noticeable growth, which is why its evaluated size w...